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The State of the Economy and Principles for Fiscal Stimulus
Fiscal Stimulus industrial production
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2015/8/3
The financial crisis evidenced in Figure 1 can be traced to unusually low interest
rates in the early part of this decade which let to the housing boom and bust, and then to
massive delinquencies an...
Comments on the ‘Global Effects of Fiscal Stimulus During the Crisis’ by Charles Freedman, Michael Kumhof, Douglas Laxton, Dick Muir, Susanna Mursula
Douglas Laxton Dick Muir
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2015/8/3
The paper by Freedman, Kumhof, Laxton, Muir, and Mursula makes effective use of simulations of a very
large macroeconomic model to estimate the impact of discretionary fiscal policies, including the ...
Fiscal stimulus
Fiscal stimulus
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2015/7/20
During the calm period in recent U.S. macroeconomic history, from the mid- 1980s to mid-2000s, stabilization policy relied mainly on monetary policy to deal with recessions, which were mild and many y...